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The Latest Breaking News on Financial Services

Bank Of America Raises Minimum Wage To $24 An Hour

Bank Of America raised its minimum hourly wage to $24 an hour.

International Business Times

US Fed Vice Chair Tones Down Proposals For Fresh Banking Regulations

A senior US Federal Reserve official proposed Tuesday a number of "broad and material" changes to new banking rules, toning down plans to tighten regulation and supervision.

International Business Times

Mandelson-backed Bank of London reveals £42m in fresh funding days after winding-up petition

Clearing bank’s future was thrown into question by HMRC action over unpaid taxes last Thursday

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Disruption looms for Sydney commuters as union plans action – as it happened

All the day’s news as it unfolded

The Guardian - AU

Santander to insist UK workers are in office three days a week

About 1,000 of those affected work in London and 4,500 at the bank’s new Milton Keynes headquarters

The Guardian - UK

HSBC on hiring spree to drive UK wealth division ambitions

Exclusive: Europe’s biggest bank hopes to double UK arm of its wealth and private banking operations

The Guardian - UK

Five Perks of Choosing Local or Regional Financial Institutions

A commitment to the community and a focus on customer service lead the benefits of banking with a smaller financial institution.

Kiplinger

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Viral ‘Chase Bank Glitch’ promised people free money - but left them in thousands of debt and facing jail

The TikTok trend encouraged people to commit check fraud, to disastrous results

The Independent UK

Ferrari and Santander announce sponsorship deal to end after 2024

Spanish banking giant Santander and Ferrari will conclude their sponsorship agreement at the end of 2024 as the reported $60 million-a-year deal comes to an end.

Motorsport

Economy yet to turn a corner as higher rates bite

Australia is expected to post its slowest annual economic growth rate outside of the pandemic lockdowns since the 1990s as inflation persists.

AAP

Wells Fargo worker found dead at her desk four days after clocking in

Arizona officials are investigating the death of Denise Prudhomme, 60, who was discovered by a colleague

The Guardian - US

Wells Fargo worker dies at her desk — and isn’t found until four days later

Police in Arizona do not suspect foul play was involved in Denise Prudhomme’s death

The Independent UK

Chime proves that financial branding doesn’t have to be boring

JKR builds a banking brand with personality.

Creative Bloq

No cost to taxpayers from bond scandal: ANZ head

There will be consequences across ANZ following the misconduct of employees over bonds, the company's head says.

AAP

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The Guardian - UK

Barclays enlarges half-year bonus pool for first time since 2021

Rise to £675m after lifting EU bonus cap suggests lender may increase payouts to high-performing bankers

AAP

Bendigo Bank profit falls but assets still healthy

Regional lender Bendigo and Adelaide Bank says mortgage holders are keeping ahead of repayments and expects conditions to improve for borrowers next year.

The Independent UK

Missouri man’s armed bank robbery foiled by locked front door

Jacob Lowell Hessing planned to rob the Exchange Bank of Missouri on a Saturday, unaware that access to the building was by appointment only

Evening Standard

Why are nationwide payments delayed? Banking outage explained

Every customer will still be able to access the banking app and their Nationwide online account

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news in one place.

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The Guardian - AU

The horror, the horror: banks are having to compete for our business by offering better rates

Don’t buy the banks’ sob story. They are annoyed Australians are becoming more savvy at shopping around for better deals for their home loans

The National (Scotland)

Kate Forbes hails 'promising future' after state-owned Scottish bank's finance report

KATE Forbes has said that Scotland’s state-owned investment bank has an “increasingly promising future” after new figures ...

The Guardian - UK

If UK bank bosses demand uncapped bonuses then salaries must fall

Barclays was first to formally lift the cap imposed by the EU but the balance between fixed and variable pay has to be addressed

International Business Times UK

Jamie Dimon Backs Buffett Rule: Advocates 30% Tax for Millionaires to Help Cut $35 Trillion National Debt

Jamie Dimon calls for debt reduction and supports the Buffett Rule, which would increase taxes on the wealthy, amid US economic challenges.

The Guardian - UK

Race for UK banks to repay £100bn in Covid loans could help savers

Lenders may look to attract more deposits from savers to raise funds to repay Bank of England pandemic-era loans

The Guardian - UK

‘Kafkaesque’: bank blocks cash transfer, saying it could be an AI scam

Starling’s fraud team repeatedly refused to allow UK man to send £12,800 to friend in Austria, then froze account

The Independent UK

Monzo rated as Britain’s top bank in survey of 36,000 people

The Competition and Markets Authority has published the findings of its latest survey.

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